Page 4 - Sbi

BS BFSI Summit: Tuhin Kanta Pandey to C S Setty, here are the key speakers

Tuhin Kanta Pandey took charge as the chairman of Sebi in March 2025 and has since then driven reforms to improve ease of doing business and reducing the compliance burden on market intermediaries

SBI plans to hire 3,500 officers in next 5 months to drive business growth

The country's biggest lender, State Bank of India (SBI), plans to hire around 3,500 officers to bolster its operations and enhance service delivery nationwide. The bank has recruited 505 Probationary Officers (POs) in June, and the process to fill a similar number of vacancies is on... applications have been received, SBI Deputy Managing Director (HR) & Chief Development Officer (CDO) Kishore Kumar Poludasu told PTI in an interview. As regards specialist officers, he said, around 1,300 odd officers have already been selected to look after the IT and cybersecurity space. The advertisement for 541 PO vacancies is out. Applications have already been received. The recruitment for POs is through a three-stage process: preliminaries, mains, and a psychometric test and interviews. Additionally, he said, "around 3,000 circle-based officers are now being considered. This should get concluded in the current financial year." Earlier this year, SBI Chairman C S Setty announced that the bank's

LinkedIn clash: RBI economist accuses SBI of plagiarism in report

An RBI economist accused SBI of plagiarism, saying its Ecowrap report copied RBI's monetary policy research; SBI rejected the claim, calling it 'sensational'

TACC secures ₹1,230 cr SBI funding for Lithium-ion battery anode plant

Carbon materials manufacturer TACC Ltd on Wednesday said it has received a credit facility of Rs 1,230 crore sanctioned by the State Bank of India for the Lithium-ion battery grade graphite anode facility. The funding will be utilized to support the company's upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh, which will produce 20,000 MTPA of lithium-ion battery-grade graphite anode material, a company statement said. The facility will be among the first of its kind in India, marking a major step toward building a self-reliant domestic ecosystem for advanced energy materials, according to TACC Ltd, a wholly-owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group. TACC aims to contribute to India's self-reliance in critical technologies by establishing local manufacturing capabilities for battery-grade graphite anodes -- a key component of lithium-ion batteries used in electric vehicles and energy storage systems. This facility represents a significant step

SBI to enhance gender diversity, increase female workforce to 30% by 2030

State Bank of India (SBI), the country's largest lender, has devised a strategy to boost gender diversity, aiming to increase its women workforce to 30 per cent within five years. "If we talk about frontline staff, women are almost 33 per cent, but as a total if you see, they account for 27 per cent of the total workforce. So, we will be working towards improving this percentage so that the diversity gets further improved," SBI Deputy Managing Director (HR) & Chief Development Officer (CDO) Kishore Kumar Poludasu told PTI in an interview. The bank is taking measures to bridge the gap and achieve its medium-term goal of 30 per cent women in its workforce, he said. SBI has a total staff strength of more than 2.4 lakh, one of the highest in any organisation in the country and the highest in the banking industry. He further said that the bank is committed to creating a workplace where women thrive at all levels and through targeted programmes, SBI fosters leadership, work-life balance

SBI processes SME digital business loans worth ₹74,434 crore since launch

Launched in FY24, the SME Digital Business Loans platform enables MSME entrepreneurs to apply online for credit requirements of up to ₹5 crore

RBI Gov on ULI, SBI's CS Shetty on M&A funding, Jio Finserv Chair KV Kamath on new RBI reforms & mor

RBI Governor Sanjay Malhotra called the new Unified Lending Interface a major step towards improving data sharing and credit access. Speaking at the Global Fintech Fest in Mumbai,

Nifty PSU Bank index rallies 2%, SBI stock nears record high; here's why

SBI, Uco Bank, Punjab & Sind Bank, Indian Overseas Bank, Central Bank of India, PNB and Canara Bank were up in the range of 2 per cent to 5 per cent in Friday's intra-day trade.

Govt opens up State Bank of India managing director position to pvt sector

FSIB may hire HR agency to carry out behaviour and competency assessment of candidates

Banks like SBI well versed to handle acquisition financing: C S Setty

Days after the Reserve Bank's decision to allow banks to allow acquisition financing, SBI chairman C S Setty on Wednesday said entities like the country's largest lender are "well versed" to handle the upcoming line of business. He said the shift to an expected credit loss (ECL) based system of asset provisioning will not impact the balance sheets of banks, given the extended transition period given by the central bank. "We have been doing outbound merger and acquisition financing for Indian corporates acquiring overseas entities. I think banks like SBI are well versed in acquisition financing," Setty told reporters on the sidelines of the annual Global Fintech Fest (GFF) here. It is worth noting that the Reserve Bank had announced a decision to allow banks to engage in acquisition financing, following a public request made by Setty itself a few weeks ago. On the ECL, where the central bank announced the final guidelines on Tuesday, the SBI chairman said the country's largest lende

Bombay HC upholds SBI order on Anil Ambani, Reliance Comm fraud accounts

The Bombay High Court while upholding an order of the State Bank of India (SBI) classifying the accounts of industrialist Anil Ambani and Reliance Communications as fraud has said it was a reasoned order, and did not have any legal flaw. A bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order. The judgment, a copy of which was made available on Tuesday, said there was no merit in Ambani's plea as there was no "infirmity" in the SBI order of June 13, 2025. The court did not entertain the industrialist's contention that the order should be held as null and void because he was not given a personal hearing, and relevant documents were not furnished to him. The right available under the Reserve Bank of India's (RBI) Master Directions, under which the SBI passed its order, is that of making a representation and not of personal hearing, the high court noted. Ambani had submitted his response to the show-cause .

Bank of India's domestic advances rise nearly 15% to ₹5.96 trillion

Bank of India reports 11.8% growth in global business and strong gains in domestic lending, with retail term deposits up 14% year-on-year in September

Hero Future Energies secures ₹1,908 cr funding from SBI, Canara Bank

Hero Future Energies on Monday said it has secured Rs 1,908 crore in funding from public lenders State Bank of India and Canara Bank. These funds will be utilised for the development and construction of a 120 MW renewable hybrid project at Kurnool in Andhra Pradesh, the company said in a statement. The company has secured funding of Rs 1,908 crore from the State Bank of India (lead) and Canara Bank through SPV Clean Renewable Energy Hybrid Three Private Limited. The project is contracted with SJVN and integrates wind, solar, and storage technologies to deliver reliable peak power. With a repayment period of 21 years, the funding will ensure timely project execution and commencement of commercial operation, the company said.

SBI aims to be one-fourth of India's GDP by assets: Chairman C S Setty

Setty highlighted that India has to focus on the emerging sectors

Bombay HC rejects Anil Ambani plea against SBI fraud classification

The Bombay High Court on Friday dismissed a petition filed by industrialist Anil Ambani challenging the State Bank of India's (SBI) decision classifying his and Reliance Communications' accounts as fraud. A bench of Justices Revati Mohite Dere and Neela Gokhale said there was no merit in the plea. A detailed copy of the judgement was not available immediately. The SBI had last year classified the accounts as fraud, alleging misappropriation of funds by entering into transactions that violated the terms of loans extended by it. Ambani moved the HC, arguing that the bank had not followed the principles of natural justice as it did not grant him a hearing. Certain documents, based on which the classification orders were passed, were not provided to him initially, and furnished only after six months, the petition claimed. The bank this year lodged a complaint with the Central Bureau of Investigation (CBI), which searched premises linked to Reliance Communications and Ambani's ...

Rate sensitive shares trade firm as RBI keeps repo rate unchanged; PSBs dip

RBI Policy Impact: At 10:34 AM; Nifty Auto, Nifty Realty, Nifty Financial Services and Nifty Bank indices were up nearly 1 per cent, as compared to 0.3 per cent rise in the Nifty 50.

Defence, PSBs, auto, & metal indices outpace Nifty50 in CY25; what's next?

PSBs have benefited from the Reserve Bank of India's (RBI) cumulative 100 basis points (bps) repo rate cut in three tranches till June 2025, and liquidity measures that lowered borrowing costs

RBI may cut rates by 25 bps as inflation stays benign: SBI Research

A SBI research report has pitched for a 25 bps rate cut, saying it is the 'best possible option' for the RBI, though some other experts opined that the central bank's rate-setting panel may again opt for status quo in its bi-monthly policy to be announced on October 1. Reserve Bank of India (RBI) Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) is scheduled to begin a three-day brainstorming on policy rate on Monday in the backdrop of the ongoing geopolitical tensions and the US imposing 50 per cent tariffs on Indian shipments. The decision will be announced on October 1 (Wednesday). The RBI reduced the key short-term lending rate (repo) by 100 basis points in three tranches beginning in February, amidst declining consumer price index (CPI) based inflation. However, the central bank opted for a status quo in the August bi-monthly monetary policy, taking a wait-and-watch approach to assess the impact of US tariffs and other geopolitical developments on the domestic ..

SBI chief CS Setty stresses capital market depth for Viksit Bharat 2047

SBI Chairman CS Setty said India needs deeper capital markets, innovation, and financial talent to achieve the Viksit Bharat 2047 vision, speaking at the Stockbrokers' Business Meet

ICICI, Axis, SBI: Nomura prefers large banks over small amid tariff jitters

Nomura's top picks in the current tariff scenario include ICICI Bank (Buy), State Bank of India (SBI) (Buy), and Axis Bank (Buy)